A barrel of Azeri oil is now cheaper than a bottle of Armenian cognac

A barrel of Azeri oil is now cheaper than a bottle of Armenian cognac

PanARMENIAN.Net - Azerbaijani oil prices have noticeably fallen recently, which means a barrel of crude oil is now cheaper than a bottle of Armenian brandy.

According to director of the Center for Oil Studies at Caspian Barrel Ilham Shaban, a barrel of Azerbaijani oil is now worth $16.43. A liter of 7-year-old Armenian cognac, meanwhile, costs some $20.

Azeri LT CIF oil was the cheapest in December 2001 when a barrel was worth $19.15, while the cost had jumped to $149.66 in July 2008.

 Top stories
Azerbaijani authorities report that they have already resettled 3,000 people in the Nagorno-Karabakh town of Stepanakert.
On June 10, Azerbaijani President of Azerbaijan Ilham Aliyev will leave for Turkey on a working visit.
Azerbaijani President Ilham Aliyev arrived in Moscow on April 22 to hold talks with Russian counterpart Vladimir Putin.
Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive.
Partner news
---